| PURSUANT TO THE PROVISIONS OF THE ACT READ WITH THE RULES MADE THEREUNDER, LISTING REGULATIONS AND PERFORMANCE EVALUATION POLICY (“PEP”) OF THE COMPANY, THE BOARD AND THE NRC, HAS CARRIED OUT A FORMAL EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS, INCLUDING INDEPENDENT DIRECTORS. THE INDEPENDENT DIRECTORS’ PERFORMANCE EVALUATION WAS CARRIED OUT BY THE ENTIRE BOARD EXCLUDING THE DIRECTOR BEING EVALUATED. FURTHER, THE INDEPENDENT DIRECTORS IN THEIR SEPARATE MEETING HELD, REVIEWED THE PERFORMANCE OF NON-INDEPENDENT DIRECTORS, THE BOARD AS A WHOLE AND CHAIRMAN OF THE BOARD AFTER TAKING INTO ACCOUNT THE VIEWS OF EXECUTIVE DIRECTOR AND OTHER NON-EXECUTIVE DIRECTORS. THE EVALUATION HAS BEEN CARRIED OUT THROUGH A QUESTIONNAIRE, AS PROVIDED IN THE PEP, COVERING VARIOUS ASPECTS OF THE FUNCTIONING OF THE BOARD, ITS COMMITTEES AND PERFORMANCE OF THE DIRECTORS, SUCH AS, ADEQUACY OF THE CONSTITUTION AND COMPOSITION OF THE BOARD AND ITS COMMITTEES, DISCHARGE OF ROLES AND RESPONSIBILITIES BY THE BOARD, ITS COMMITTEES AND DIRECTORS, FREQUENCY OF THE MEETINGS, ATTENDANCE, REGULATORY COMPLIANCES AND CORPORATE GOVERNANCE. THE INDIVIDUAL DIRECTORS AND MEMBERS OF THE BOARD AND ITS COMMITTEES HAD SUBMITTED THEIR RESPONSE ON A SCALE OF 1 (STRONGLY DISAGREE) – 5 (STRONGLY AGREE) FOR EVALUATING THE BOARD AS A WHOLE, COMMITTEES OF THE BOARD AND OF THEIR PEER BOARD MEMBERS, INCLUDING CHAIRMAN OF THE BOARD. |
| PURSUANT TO THE PROVISIONS OF THE ACT AND RULES MADE THEREUNDER, LISTING REGULATIONS AND PERFORMANCE EVALUATION POLICY (“PEP”) OF THE COMPANY, THE BOARD AND THE NRC, HAS CARRIED OUT A FORMAL EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS, INCLUDING INDEPENDENT DIRECTORS. THE INDEPENDENT DIRECTORS’ PERFORMANCE EVALUATION WAS CARRIED OUT BY THE ENTIRE BOARD EXCLUDING THE DIRECTOR BEING EVALUATED. FURTHER, THE INDEPENDENT DIRECTORS IN THEIR SEPARATE MEETING HELD, REVIEWED THE PERFORMANCE OF NON-INDEPENDENT DIRECTORS, THE BOARD AS A WHOLE AND CHAIRMAN OF THE BOARD AFTER TAKING INTO ACCOUNT THE VIEWS OF EXECUTIVE DIRECTORS AND OTHER NON-EXECUTIVE DIRECTORS. THE EVALUATION HAS BEEN CARRIED OUT THROUGH A QUESTIONNAIRE, AS PROVIDED IN THE PEP, COVERING VARIOUS ASPECTS OF THE FUNCTIONING OF THE BOARD, ITS COMMITTEES AND PERFORMANCE OF THE DIRECTORS, SUCH AS, ADEQUACY OF THE CONSTITUTION AND COMPOSITION OF THE BOARD AND ITS COMMITTEES, DISCHARGE OF ROLES AND RESPONSIBILITIES BY THE BOARD, ITS COMMITTEES AND DIRECTORS, FREQUENCY OF THE MEETINGS, ATTENDANCE, REGULATORY COMPLIANCES AND CORPORATE GOVERNANCE. THE INDIVIDUAL DIRECTORS AND MEMBERS OF THE BOARD AND ITS COMMITTEES HAD SUBMITTED THEIR RESPONSE ON A SCALE OF 1 (STRONGLY DISAGREE) – 5 (STRONGLY AGREE) FOR EVALUATING THE BOARD AS A WHOLE, COMMITTEES OF THE BOARD AND OF THEIR PEER BOARD MEMBERS, INCLUDING CHAIRMAN OF THE BOARD. |
| PURSUANT TO THE PROVISIONS OF THE COMPANIES ACT, 2013 AND RULES MADE THEREUNDER, LISTING REGULATIONS AND PERFORMANCE EVALUATION POLICY (“PEP”) OF THE COMPANY, THE BOARD AND THE NOMINATION & REMUNERATION COMMITTEE, HAS CARRIED OUT THE FORMAL EVALUATION OF PERFORMANCE OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS, INCLUDING INDEPENDENT DIRECTORS. THE EVALUATION HAS BEEN CARRIED OUT THROUGH A QUESTIONNAIRE, AS PROVIDED IN THE PEP, COVERING VARIOUS ASPECTS OF THE FUNCTIONING OF THE BOARD, ITS COMMITTEES AND PERFORMANCE OF THE DIRECTORS, SUCH AS, ADEQUACY OF THE CONSTITUTION AND COMPOSITION OF THE BOARD AND ITS COMMITTEES, DISCHARGE OF ROLES AND RESPONSIBILITIES BY THE BOARD, ITS COMMITTEES AND DIRECTORS, FREQUENCY OF THE MEETINGS, ATTENDANCE, REGULATORY COMPLIANCES AND CORPORATE GOVERNANCE. THE INDIVIDUAL DIRECTORS AND MEMBERS OF THE BOARD AND ITS COMMITTEES HAD SUBMITTED THEIR RESPONSE ON A SCALE OF 1 (STRONGLY DISAGREE) – 5 (STRONGLY AGREE) FOR EVALUATING THE BOARD AS A WHOLE, COMMITTEES OF THE BOARD AND OF THEIR PEER BOARD MEMBERS, INCLUDING CHAIRMAN OF THE BOARD. |
| NRC HAS DEVISED A POLICY FOR THE PERFORMANCE EVALUATION OF THE INDEPENDENT DIRECTORS, BOARD, ITS COMMITTEES AND THE OTHER INDIVIDUAL DIRECTORS AND HAS LAID DOWN THE PERFORMANCE EVALUATION AND ASSESSMENT CRITERIA/PARAMETERS. THE INDEPENDENT DIRECTORS IN TERMS OF SCHEDULE IV TO THE COMPANIES ACT, 2013 AND THE PROVISIONS OF THE LISTING REGULATIONS, AT ITS SEPARATE MEETING, EVALUATED THE PERFORMANCE OF THE CHAIRMAN, NON-INDEPENDENT DIRECTORS AND THE BOARD AS A WHOLE AND THE FLOW OF INFORMATION BETWEEN THE MANAGEMENT AND THE BOARD. NRC CARRIED OUT THE EVALUATION OF PERFORMANCE OF EACH OF THE DIRECTORS, WITHOUT THE PRESENCE OF THE DIRECTOR BEING EVALUATED AND THE BOARD CARRIED OUT A FORMAL EVALUATION OF ITS OWN PERFORMANCE AND THE BOARD COMMITTEES. THE BOARD OF DIRECTORS HAD EXPRESSED THEIR SATISFACTION WITH THE EVALUATION PROCESS. |
| PURSUANT TO THE PROVISIONS OF THE ACT AND RULES MADE THEREUNDER, LISTING REGULATIONS AND PERFORMANCE EVALUATION POLICY (“PEP”) OF THE COMPANY, THE BOARD AND THE NRC, HAS CARRIED OUT A FORMAL EVALUATION OF THE PERFORMANCE OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS, INCLUDING INDEPENDENT DIRECTORS. THE INDEPENDENT DIRECTORS’ PERFORMANCE EVALUATION WAS CARRIED OUT BY THE ENTIRE BOARD EXCLUDING THE DIRECTOR BEING EVALUATED. FURTHER, THE INDEPENDENT DIRECTORS IN THEIR SEPARATE MEETING HELD, REVIEWED THE PERFORMANCE OF NON-INDEPENDENT DIRECTORS, THE BOARD AS A WHOLE AND CHAIRMAN OF THE BOARD AFTER TAKING INTO ACCOUNT THE VIEWS OF EXECUTIVE DIRECTORS AND OTHER NON-EXECUTIVE DIRECTORS. THE EVALUATION HAS BEEN CARRIED OUT THROUGH A QUESTIONNAIRE, AS PROVIDED IN THE PEP, COVERING VARIOUS ASPECTS OF THE FUNCTIONING OF THE BOARD, ITS COMMITTEES AND PERFORMANCE OF THE DIRECTORS, SUCH AS, ADEQUACY OF THE CONSTITUTION AND COMPOSITION OF THE BOARD AND ITS COMMITTEES, DISCHARGE OF ROLES AND RESPONSIBILITIES BY THE BOARD, ITS COMMITTEES AND DIRECTORS, FREQUENCY OF THE MEETINGS, ATTENDANCE, REGULATORY COMPLIANCES AND CORPORATE GOVERNANCE. THE INDIVIDUAL DIRECTORS AND MEMBERS OF THE BOARD AND ITS COMMITTEES HAD SUBMITTED THEIR RESPONSE ON A SCALE OF 1 (STRONGLY DISAGREE) – 5 (STRONGLY AGREE) FOR EVALUATING THE BOARD AS A WHOLE, COMMITTEES OF THE BOARD AND OF THEIR PEER BOARD MEMBERS, INCLUDING CHAIRMAN OF THE BOARD. |